Tag: Standard & Poor’s

The stock now has a 52-week low of 0.98 and high of 1.31. … C-Com Satellite Systems Inc. is a stock traded on the Canadian exchange. … by: Midasletter.com and their article: “If Canopy Growth Corp CEO Bruce Linton Is Correct, …

Shares of C-Com Satellite Systems Inc. (CVE:CMI) closed at 1.3 yesterday. C-Com Satellite Systems Inc. currently has a total float of 37.19 million shares and on average sees 8,473 shares exchange hands each day. The stock now has a 52-week low of 0.98 and high of 1.31.

Canada: S&P/TSX Index

The S&P/TSX Composite Index is the headline index of equities listed on Canada’s Toronto Stock Exchange (TSX).Its components are market capitalization-weighted and together the constituents of the index account for 70% of TSX market capitalization.

The S&P/TSX Composite replaced the TSE 300 Index.

Inclusion in the index

The S&P/TSX Composite has eligibility criteria that among others require that a candidate stock for inclusion in the index must be listed on the TSX and the company behind the stock must be incorporated under Canadian laws.

Being a market capitalization weighted index, components of S&P/TSX Composite must weigh at least 0.05% of the index. Additionally, index candidate must have traded at a minimum average price of C$1 over in the last three months and maintained a price of at least C$1 in the last three trading days of the month immediately before the index is rebalanced. Still on market capitalization, the index is also float adjusted, whereby restricted stocks, such as those held by company insiders and stock that don’t trade frequently such as those held by the government and venture capitalists are excluded.

Liquidity of a stock is another important consideration for inclusion in The S&P/TSX Composite. Though measure is taken so that no single stock dominates the movement of the index, a security must be liquid enough in terms of volume traded and dollar value. As such, the number of transactions in a security must be at least 0.025% of all the sum of trading volume of eligible securities. C-Com Satellite Systems Inc. has relatively good liquidity.

The S&P/TSX Composite is the primary gauge of the performance of Canadian stocks, especially given its massive coverage of the country’s equity market. Besides being a benchmark, the S&P/TSX Composite is also an investible index.

The index has about 250 components representing a variety of sectors. Of the index’ sectors, Financials is the largest, accounting for 36% of the index. The second-largest sector in the index is Energy, representing 20% of the index. Canada has a booming energy sector backed by oil drilling, which explains the large position of Energy in S&P/TSX Composite. C-Com Satellite Systems Inc. is a stock traded on the Canadian exchange.

Besides Financials and Energy, Materials, Industrials and Consumer Discretionary make the top 5 sectors in the index.

The S&P/TSX Composite is regularly rebalanced to remove constituents that fall short of eligibility requirement and replace them with newly eligible ones.

Index performance

S&P/TSX Index hit its lowest level on record of 217.50 points in February 1950. But the index reached an all-time high of 15657.63 points in September 2014, backed by soaring gold and crude oil prices. Excitement in the Canadian energy and commodities sectors also provided a boost to the Financials sector, thus lifting the index to the record high.

After a lull, investors are jostling for Canadian stocks again amid hopes of a bright future for commodities where prices will continue to strengthen after a long period of soft prices. The move by OPEC members to cap oil output to stabilize oil prices is also boosting investor appetite in Canadian stocks. The stability of the Canadian economy and the strong corporate governance standards are other reasons Canadian stock market is heating up with an influx of domestic and foreign retail investors. Professional analysts might be interested how this will affect C-Com Satellite Systems Inc..

C-Com Satellite Systems Inc. develops and deploys commercial grade mobile auto-deploying satellite technology for the delivery of two-way high-speed Internet, VoIP, and video services into vehicles. The company has market cap of $48.35 million. The firm offers iNetVu, a proprietary mobile auto-deploying antenna for the delivery of satellite based Internet services into vehicles while stationary, as well as for the transportable platforms. It has a 40.62 P/E ratio. It provides driveaways, flyaways, and fixed motorized antennas.

Shares of Zecotek Photonics Inc. (CVE:ZMS) closed at 0.04 yesterday. ZecotekPhotonics Inc. currently has a total float of 164.03 million shares and on …

Shares of Zecotek Photonics Inc. (CVE:ZMS) closed at 0.04 yesterday. Zecotek Photonics Inc. currently has a total float of 164.03 million shares and on average sees 185,775 shares exchange hands each day. The stock now has a 52-week low of 0.04 and high of 0.28.

What Drives The Canadian Economy?

Canada is an important aspect of the North American economy. While the US is relatively bigger, it still has interesting potentials to drive economic growth in the region.

With a thriving equity market, any nation has the capacity to carry out long-term prospects. In Canada, for example, there is the Toronto Stock Exchange (TSX). The benchmark index is the S&P/TSX Composite Index, replacing the TSE 300 Index.

Facts About the S&P/TSX Composite Index

The S&P/TSX Composite Index is a free-float market-capitalization-weighted index like most leading indices in the world. This means that its components are the most actively traded stocks on the TSX, excluding those that are held by inside traders, venture capitalists, and government entities. Stocks held by these stakeholders are not frequently traded, which is why it is useless to include them on indices. Zecotek Photonics Inc. is one of the stocks traded on it.

The S&P/TSX Composite Index had recorded its all-time high of 15,657.63 in September 2014, thanks to the gains in crude oil prices that primarily led the surge in the Energy and Financials sectors’ the two biggest sectors on the weighted index. Meanwhile, it had recorded its all-time low of 217.50 in February 1950. As of October 31, 2014, more than 1,500 companies are listed on the TSX. By the end of May, the TSX already had a market capitalization of $2.78 trillion. The regular trading session on the TSX begins at 9:30 a.m. and ends at 4:00 p.m. There is also a post-market session that lasts from 4:15 p.m. until 5:00 p.m.

What Makes Up the S&P/TSX Composite Index

There are numerous requirements in order for companies to be included in the S&P/TSX Composite Index. For starters, of course, they need to be listed on the TSX. Consequently, they must operate in accordance to all existing Canadian corporate laws. As Zecotek Photonics Inc. is still listed, this means that the stock complies with all laws.

In order to become a component of the S&P/TSX Composite Index, a stock must weigh at least 0.05% of the index. Prior to rebalancing, it must have traded an average of C$1 in the preceding three months and at least C$1 in the last three sessions leading to the month of review. Moreover, its trading volume must weigh at least 0.025% of the overall trading volume of all eligible stocks.

About 250 companies make up the S&P/TSX Composite Index. The Financials and Energy sectors alone account for 56% of it, with the former making up 36% and the latter making up 20%. The next biggest sectors include the Materials, Industrial, and Consumer Discretionary sectors.

Because the Organization of the Petroleum Exporting Countries (OPEC) has recently decided to cut oil production rate to lift oil prices, the Energy sector of the S&P/TSX Composite Index is poised for potential gains. Professional analysts might be interested how this will affect Zecotek Photonics Inc..

Investing on the TSX is an ideal way to bet on the Canadian economy. With a promising long-term growth, investors will surely benefit from valuable returns be it in the near term or the longer term.

Shares of Mogo Finance Technology Inc. (TSE:MOGO) last traded at 3.65, representing a move of 7.04%, or 0.24 per share, on volume of 157,206 …

Shares of Mogo Finance Technology Inc. (TSE:MOGO) last traded at 3.65, representing a move of 7.04%, or 0.24 per share, on volume of 157,206 shares. After opening the trading day at 3.55, shares of Mogo Finance Technology Inc. traded in a close range. Mogo Finance Technology Inc. currently has a total float of 22.99M shares and on average sees 54,533 shares exchange hands each day. The stock now has a 52-week low of 2.71 and high of 5.12.

What Drives The Canadian Economy?

Canada is an important aspect of the North American economy. While the US is relatively bigger, it still has interesting potentials to drive economic growth in the region.

With a thriving equity market, any nation has the capacity to carry out long-term prospects. In Canada, for example, there is the Toronto Stock Exchange (TSX). The benchmark index is the S&P/TSX Composite Index, replacing the TSE 300 Index.

Facts About the S&P/TSX Composite Index

The S&P/TSX Composite Index is a free-float market-capitalization-weighted index like most leading indices in the world. This means that its components are the most actively traded stocks on the TSX, excluding those that are held by inside traders, venture capitalists, and government entities. Stocks held by these stakeholders are not frequently traded, which is why it is useless to include them on indices. Mogo Finance Technology Inc. is one of the stocks traded on it.

The S&P/TSX Composite Index had recorded its all-time high of 15,657.63 in September 2014, thanks to the gains in crude oil prices that primarily led the surge in the Energy and Financials sectors’ the two biggest sectors on the weighted index. Meanwhile, it had recorded its all-time low of 217.50 in February 1950. As of October 31, 2014, more than 1,500 companies are listed on the TSX. By the end of May, the TSX already had a market capitalization of $2.78 trillion. The regular trading session on the TSX begins at 9:30 a.m. and ends at 4:00 p.m. There is also a post-market session that lasts from 4:15 p.m. until 5:00 p.m.

What Makes Up the S&P/TSX Composite Index

There are numerous requirements in order for companies to be included in the S&P/TSX Composite Index. For starters, of course, they need to be listed on the TSX. Consequently, they must operate in accordance to all existing Canadian corporate laws. As Mogo Finance Technology Inc. is still listed, this means that the stock complies with all laws.

In order to become a component of the S&P/TSX Composite Index, a stock must weigh at least 0.05% of the index. Prior to rebalancing, it must have traded an average of C$1 in the preceding three months and at least C$1 in the last three sessions leading to the month of review. Moreover, its trading volume must weigh at least 0.025% of the overall trading volume of all eligible stocks.

About 250 companies make up the S&P/TSX Composite Index. The Financials and Energy sectors alone account for 56% of it, with the former making up 36% and the latter making up 20%. The next biggest sectors include the Materials, Industrial, and Consumer Discretionary sectors.

Because the Organization of the Petroleum Exporting Countries (OPEC) has recently decided to cut oil production rate to lift oil prices, the Energy sector of the S&P/TSX Composite Index is poised for potential gains. Professional analysts might be interested how this will affect Mogo Finance Technology Inc..

Investing on the TSX is an ideal way to bet on the Canadian economy. With a promising long-term growth, investors will surely benefit from valuable returns be it in the near term or the longer term.

More notable recent Mogo Finance Technology Inc. (TSE:MOGO) news were published by: Theglobeandmail.com which released: “Analysts say ‘buy’ as shares sink in Canada’s first public online lender – The Globe and Mail” on August 09, 2015, also Theglobeandmail.com with their article: “Short sales on the TSX: Bearish investors are betting against stocks in this ‘faddish’ sector – The Globe and Mail” published on January 11, 2018, Business.Financialpost.com published: “Hunting for unicorns: Three emerging Canadian fintech firms to consider – Financial Post” on April 18, 2016. More interesting news about Mogo Finance Technology Inc. (TSE:MOGO) were released by: Business.Financialpost.com and their article: “Cryptocurrency’s millennial mining tycoon is planning a $3-billion IPO – Financial Post” published on August 15, 2018 as well as Midasletter.com‘s news article titled: “StableView Asset Management Technology Investment Event #SVTECH18 – Midas Letter” with publication date: October 03, 2018.

Mogo Finance Technology Inc. operates as a financial technology firm in Canada. The company has market cap of $83.92 million. The firm offers its products to help clients get in control of their financial health. It currently has negative earnings. It offers digital access to free monthly credit score monitoring; Mogo spending account, a digital spending account with no monthly fee accessible through a Mogo Platinum Prepaid Visa Card; MogoMoney personal loans; and MogoMortgage, a digital mortgage brokerage solution.

Qorvo, Inc. (NASDAQ:QRVO) Ratings Coverage

Total analysts of 12 have positions in Qorvo (NASDAQ:QRVO) as follows: 3 rated it a “Buy”, 0 with “Sell” and 9 with “Hold”. The positive are 25%. Since October 3, 2018 according to StockzIntelligence Inc Qorvo has 16 analyst reports. The stock rating was maintained by Canaccord Genuity with “Buy” on Wednesday, November 14. On Wednesday, November 14 the firm has “Neutral” rating given by Nomura. On Wednesday, November 14 the rating was maintained by UBS with “Neutral”. On Monday, December 10 the stock of Qorvo, Inc. (NASDAQ:QRVO) earned “Sector Weight” rating by KeyBanc Capital Markets. On Wednesday, November 14 BMO Capital Markets maintained the shares of QRVO in report with “Market Perform” rating. In Monday, January 7 report Morgan Stanley maintained the stock with “Equal-Weight” rating. On Tuesday, October 23 the company was maintained by Barclays Capital. On Thursday, January 10 the firm has “Buy” rating given by Craig Hallum. On Monday, March 4 Needham maintained Qorvo, Inc. (NASDAQ:QRVO) rating. Needham has “Buy” rating and $70 target. On Monday, November 12 Citigroup maintained Qorvo, Inc. (NASDAQ:QRVO) rating. Citigroup has “Neutral” rating and $75 target. Listed here are Qorvo, Inc. (NASDAQ:QRVO) PTs and latest ratings.

QRVO is touching $69.39 during the last trading session, after increased 0.21%.Currently Qorvo, Inc. is downtrending after 10.89% change in last March 13, 2018. QRVO has 361,964 shares volume. QRVO underperformed the S&P 500 by 15.26%.

Shares of FT Short Dur Hi Yld Bd ETF CAD Hdg Comm (TSE:FSD) closed at 20.41 yesterday. FT Short Dur Hi Yld Bd ETF CAD Hdg Comm currently has a total float of 679,569 shares and on average sees 11 shares exchange hands each day. The stock now has a 52-week low of 19.94 and high of 21.37.

S&P/TSX Composite Index: Making Canadian Economy Grow Bigger

The Canadian economy is growing as fast as any global economy giant today. It may not yet be as big as that of the US or Japan but it surely boasts with a promising trade and commerce environment.

The main stock exchange in Canada is the Toronto Stock Exchange (TSX) with the benchmark index being the S&P/TSX Composite Index. The TSX perfectly represents how much the Canadian economy has grown and evolved through the years and how it still continues to transform for the better.

Getting to Know the TSX

The TSX is made up of over 1,500 companies as of October 31, 2014. It has nearly touched the $3 trillion total market capitalization mark in May. FT Short Dur Hi Yld Bd ETF CAD Hdg Comm trades on the exchange. The S&P/TSX Composite Index is the benchmark Canadian index, representing roughly 70% of the total market capitalization on the TSX with about 250 companies included in it. More than half of it is composed of the its biggest sectors only’ the Financials sector and the Energy sector. Included in the list of top five biggest sectors in the S&P/TSX Composite Index are the Materials, Industrials, and Consumer Discretionary sectors.

In February 1950, the S&P/TSX Composite Index had posted its all-time low, 217.50. In September 2014, it had posted its all-time high, 15,657.63. The surge in oil prices in 2014 had led the S&P/TSX Composite Index to attain this peak level as both the Energy and Financial sectors primarily got a boost.

S&P/TSX Composite Index Eligibility

The S&P/TSX Composite Index, like most indices, is a free-float market-capitalization-weighted index. This means that stocks that are not frequently traded are automatically excluded from it. These stocks are those that are held by venture capitalists, inside traders, the government, among others.

In order to become a component of the S&P/TSX Composite Index, a company must first meet a set of certain criteria.

First, a company must of course be listed on the TSX. That being said, it must abide by all Canadian laws.

Should it be included, the company must weigh a minimum of 0.05% on the S&P/TSX Composite Index. FT Short Dur Hi Yld Bd ETF CAD Hdg Comm complies with the rules for listing.

In terms of price, its average stock price in the past three months prior to rebalancing date must be at least C$1. Its stock price in the three sessions immediately prior to rebalancing date must also be at least C$1.

In terms of trading volume, the company must represent at least 0.025% of the total trading volume of the components of the S&P/TSX Composite Index.

Oil prices are highly expected to rebound soon, giving the TSX a further lift, as the Organization of the Petroleum Exporting Countries (OPEC) is to cut oil production amid the growing supply glut dilemma. This is why more and more investors are considering to enter the Canadian equity market. Needless to say, investing in the TSX is the best way to bet on one of the world’s most influential economies. Professional analysts might be interested how this will affect FT Short Dur Hi Yld Bd ETF CAD Hdg Comm.